M and N contribute to a business investment in the ratio 3:8. They earn a profit of ₹66,000. M is a working partner and receives 10% of the profit extra. What is M's total share?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹22,800.
10% of profit for M = 0.10 × 66000 = 6600
Remaining profit after bonus = 66000 - 6600 = 59400
M's share from remaining = (3/11) × 59400 = 16200
N's share = (8/11) × 59400 = 43200
M's total share = 16200 + 6600 = 22800